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, who warned that u.s. military personnel and u.s. citizens in japan should actually go back to a radius of 80 kilometers around fukushima. japan has said 20 kilometers, so it seems that the u.s. has an assessment that is fairly serious. >> any idea if they are following the french lead, recommending that they leave japan altogether? >> we have not had any word on that from the united states government. i think that would be much further for the u.s. in the sense that the u.s. has so many people in the country, currently 50,000 u.s. troops currently in japan get there is concern. the u.s. government says it is monitoring -- currently in japan. there is concern. the u.s. government says it is monitoring the situation. there is no thought that anyone residing in the u.s. is at risk. >> but with 34 u.s. experts landing on wednesday, joining seven others, all with an american equipment, the u.s. is having to answer questions about whether it even trusts japan completely. >> a slight difference from what we are hearing out of japan and from the united states. i think it is worth pointing out
reactors in japan spooked investor confidence, and stock markets around the world sold off. here in the u.s., the panic- selling swept through wall street, but the major averages rebounded by the close of trading. the dow tumbled 137 points, reversing a loss of nearly 300 points earlier in the session. the nasdaq fell 33, and the s&p was down 15. so what happens now? erika miller reports. >> reporter: the moment the opening bell rang on wall street, fear gripped the stock market. trader art cashin says the disaster in japan prompted many investors to dump their holdings at any price. >> when you can't sell what you want to sell, you sell whatever you can-- sometimes, your grandmother's necklace. you don't like to sell that, but if that's the only thing that gets you money, you have to do that. >> reporter: the dow's decline was serious, but the drop was far worse in japan. the nikkei lost more than 10%. most european markets also fell. the question for investors is what to do now? is the stock market overreacting to the crisis in japan, or does it pose a major threat to global growth? marke
of nuclear energy here in the u.s., we continue our coverage of japan's massive earthquake. you're watching "nightly business report" for monday, march 14. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening everyone. my colleague tom hudson is off tonight. it's day four of japan's monstrous earthquake and tsunami, and the full brunt of the damage is still unknown. the death toll is expected to exceed 10,000 and the country continues to battle the threat of a catastrophic nuclear accident. now japan is focused on the enormous human suffering, but attention around the world is also shifting to the economic consequences of the disaster. many economists believe the country is likely to slide into recession. so what will that mean for the rest of the world? suzanne pratt reports. >> reporter: there's no question the human toll of japan's epic earthquake and tsunam
of an amnesty, a dialogue, and an invitation to a u.s. fact-finding mission, even a chance for a free press. for his hard-core supporters, it was a family day out, and it did not matter what he said. the libyans to do not like things the way they are, who do not want civil war, might listen and wonder whether the risks of taking on the regime are worth it. the colonel's leadership style is eccentric, but he is hitting back hard and slowing the rebellion against his rule. that was something they could not do in egypt or tunisia. jeremy bowen, bbc news, tripoli. >> an international effort has begun to repatriate tens of thousands of foreigners, most of them egyptian, who have been massing on libya's border with tunisia. britain and france have sent several of their plans. the largest british warship is heading for libyan coastal waters. they have rescued 85,000 in the past week. we have this report from the border. >> the struggle for liberation in the arab world has led to this. men fighting for a seat on a bus, desperate to escape from libya, pleading to simply be allowed to go home. 85,000
range of companies. what can we do for you? >> and now, "bbc world news." >> president obama says the u.s. and nato are still considering their options for lydia, including military intervention. >> i want to send a clear message to those around colonel gaddafi. it is their choice to make how they will be held accountable. >> gaddafi's troops to retake territory after a day of sustained attacks. >> [inaudible] çquite a success for colonel gaddafi's army. >> the un says 200,000 people have fled the violence in libya. welcome to "bbc world news," broadcast on pbs in america and around the globe. washington reintroduce this military trials at guantanamo bay despite anç earlier promise to close it down. the party is over for the highest-paid actor on american television. charlie sheen is sacked from his, a program. ç>> the six gulf states includg saudi arabia have called on the un security council to implement a no-fly zone over libya. the un needed to protect libyan citizens. earlier president obama said the u.s. and allies are stillç considering a military response to the situation
in u.s. treasuries. >> tom: we ask pimco's bill gross why he's bailing out of government debt and where he's putting money now. you're watching "nightly business" report for wednesday, march 9. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. >> susie: good evening, everyone. the world's largest bond fund is betting against bonds. pimco's total return fund has sold off its government bond holdings to zero as of the end of february. tom, this is a strong signal from pimco's flagship fund that it sees little value in owning u.s. treasuries. >> tom: susie, as a result of those bond sales, pimco is sitting on $54 billion of cash. the fund still owns other kinds of bonds. it's holdings are diversified among mortgage bonds, corporate debt, foreign bonds and municipal securities. >> susie: so what's the reason behind the bond fire sale? joining us now: william gross, the founder and co-chief investment officer of pimco. hi, bill,
situation. >> so far, u.s. forces have taken a prominent role in un authorized operation. after our phone conversation with david cameron and nicolas sarkozy, barack obama made clear that soon increasingly fewer american planes will be involved appeared >> i would expect that over the next several days, we will have clarity and a meeting of the minds of all those participating in the process. we are seeing a significant reduction in the number of u.s. planes involved in operations over libya appeared >> this is the result. a workshop on the military base in tripoli. overnight bombing had caused some destruction but no one had died. elsewhere in the city, authorities alleged allied air strikes have killed many civilians. the bbc has asked for evidence of this but none has been provided. >> joining me on the line from tripoli is a local resident. we are not revealing his name. thank you for joining us. just tell me what exactly is going on at the moment in to the capitol where you are. >> i can tell you it's very quiet. i am not hearing any shelling or anti-aircraft. >> and how has it been
have been reaching out. this is a very dynamic situation. >> so far u.s. forces have taken a prominent role in the u.n. authorized operation. barack obama made it clear that soon increasingly fewer american planes will be involved. >> i would expect that over the next several days we will have clarity and a meeting of the minds with all those participating in the process. we are already seeing a significant reduction in the number of u.s. planes involved in operations over libya. >> and this is the result of those operations, a workshop on a military base where an officer told the bbc overnight bombing caused some destruction but nobody died. elsewhere the authorities allege allied air strikes killed many civilians. bbc asked for evidence but none has been provided. >> in eastern libya two u.s. airmen were rescued after their fighter jet crashed because of apparent mechanical failure. there were reports six villagers were shot and hurt in the rescue effort. these are the first confirmed casualties of the conflict. >> it is the last thing the new coalition needs, an american fighter jet
to be an interceptive phone call, supposedly between the u.s. ambassador and a rebel general in the east. >> this is ambassador gene crist talking to you. >> what equipment do you have? >> it's not clear what exactly the american diplomat, if it was him, was offering. >> if they want to support the militia, do it. and we are not afraid. america, nato, france. it is our country. we live here, we die here. we will never, ever surrender to those terrorists. >> later in tripoli, colonel gaddafi's most prominent son addressed the quarters he called the real libyans. they were supposed to be libya's future, until the rebellion. as far as these people are concerned, that vision has been restored. the son will succeed the father. the rebels will be beaten. it feels like a victory rally. and he had a shot message for the rebels. we're coming. jeremy bowen, "bbc news," tripoli. >> nato has insisted that for a no-fly zone to be set up over libya, there would have to be strong regional support. on the diplomatic front, there has been a rather gloomy assessment in washington of the rebels' chance. th
in the u.s., the financial markets ignored those debt concerns. but erika miller looks at why american investors may want to pay attention to the crisis in portugal. >> reporter: for the past few weeks, investors have had plenty of distractions, ranging from political upheaval in egypt and libya to natural disasters and nuclear problems in japan to sharply higher oil prices. but today, the spotlight was on a problem many thought had gone away-- the european debt crisis. the fall of the portuguese government has pushed that country's borrowing rates to record levels, making it more difficult for portugal to get a handle on it's debt. economist brian levitt says the fear in financial markets is that portugal could need an expensive bailout. >> the big fear about the fall of the government in portugal is that they are not going to go through the austerity measures that they need, that the larger euro-economies want for them to go through in order to get additional credit facilities. >> reporter: another fear is contagion, reinforced by credit rating agency moody's downgrade of more than 3
. >> president obama works to ease fears at home saying the u.s. is not at risk from the radiation. >> susie: japan's disaster is raising questions about u.s. nuclear liability and the yen's continued surge as we continue our coverage of the japanese crisis. you're watching nightly business report for thursday, march 17th. >> this is nightly business this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. >> tom: good evening, thanks for joining us tonight. president obama said today japan's nuclear crisis won't affect the united states, susie. >> susie: you know, tom, the president spoke this afternoon from the white house rose garden and said he doesn't expect a nuclear radiation to be a risk for people inside the united states. >> i want to be very clear. we do not expect harmful levels of radiation to reach the united states, whether it's the west coast, hawaii, alaska or u.s. territories in the pas civic. >> susie: besides japan'
growth, and some disappointing news about the u.s. job market. the selling was broad-based-- the dow fell 228 points, closing below the 12,000 level; the nasdaq lost 50, and the s&p 500 was down almost 25 points. >> tom: this stock selling comes as the bull market celebrated its second anniversary this week. could the rally be over, or just taking a pause? peter cohen is co-author of "capital rising," and he is with us from newton, massachusetts. lincoln ellis is the chief investment officer at the strategic financial group. he joins us from the cme group in chicago. welcome to nightly business report. nice to see both of you. >> thank you. >> thanks, tom. >> tom: peter, let's begin with you. time to buy more shares on these lower prices or to cut some of the losses you've seen recently and sell? >> i say it's time to buy. i mean it could go lower. i mean you could have a 5% correction can. but in general, the market is doing fan tasically. it's been up almost 100% since the low of march 2009. it's trading act a relatively low pe of around 15 which is much better than the pe of a typical
security council would not support it. the u.s. has made clear it only once to go for a no-fly zone if it can get a un resolution. that avenue looks blocked. and the u.s. is saying at the moment it does not want to do it alone. most people believe it could but there is not the political will despite support in some quarters in the u.s. for it to go for that. >> president obama spoke about a number of options on the table as did the british prime minister. what options are the considering given the fact that even today, we heard voices from the arab community and country is calling for this no-fly zone? >> there are not that many other options that are going to turn the screw. -- turn the screw on colonel gaddafi. we heard so much current opposition like the u.s. defense secretary, robert gates, talking about loose talk of the idea of a no-fly zone. not very keen to do it. there is others in the military who are concerned about the possibility of mission creep. if the u.s. gets involved for the no-fly zone, it will broaden out into a much bigger operation and the u.s. will be involve
160 million u.s. dollars to achieve its objectives. it will be revised in about two weeks to reflect the evolving situation. >> the french warship has arrived in geneva. -- tunisia. a number of refugees has reportedly gone down. they fear people could be stranded on the other side. >> the newly appointed interim government indonesia has dissolved the secret police -- in tunisia has dissolved teh secret police. thousands of community policemen has put a ban on public protests. they pushed through several buildings. there is the third government reshuffle in the month. they demanded jobs, political reform, and a crackdown on corruption. that has been the place. president obama has approved of the resumption of guantanamo bay in cuba. the facility that president obama vowed to close will operate for some time to come. the correspondent in washington says president obama may have had the option to change the policy. >> this is president obama accepting political reality. there has been a lot of opposition to the idea of closing down guantanamo bay. also, the white house has found it very
earthquake will do to japan's fragile economy and the global markets. here in the u.s. despite the japan's stock index tumbled almost 180 points closing just minutes after the earthquake hit. >> tom: we spoke with our correspondent in tokyo. and began by asking lucy craft what's the initial assessment of damage to businesses and industry in japan. >> companies hit quite hard. sony, hond on, toyota, the major auto makers have a lot of factories up in northeastern japan. there's been a range of damage to these companies. so those factories will be kind of knocked out of operation for various amounts of time. fortunately, the northeastern area of japan is very sparsely populated. this is -- if you compare this to the kobe earthquake of 16 years ago, it accounts for a much smaller amount of gdp. >> reporter: what have you learned about the damage to the trainl systems and infrastructure? >> we haven't heard about the damage to the train system which is a major source of transportation here. when you talk about energy, though, it's a whole different ball of wax, and there's a lot of different
>> tom: more than a week after air strikes began, what's the taxpayers' bill so far for u.s. military operations in libya? >> we've spent between $300 and $500 million, but as we move forward those costs should drop substantially. >> suzanne: as president obama talks to americans about libya, we'll look at how much money the conflict will cost the u.s., even as nato takes the lead. you're watching "nightly business report" for monday, march 28. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. susie gharib is off tonight. i'm joined by my colleague suzanne pratt. u.s. warplanes, ships and missiles have been striking against libya for more than a week. this evening, suzanne, president obama makes his case to the american people. that's after facing questions about the goals and costs of the mission. >> suzanne: and, tom, the president's speech come
of trading on a legal tip-off, now the biggest insider trading trial in u.s. history. police investigate an organized crime syndicate that operated around the world. hello there as forces step up offenses against rebel areas, president obama's top national security advisors meet to outline what steps are realistic. washington as underscored any authorization of a no-fly zone must come from a united nation security council. >> colnel kadafi presented a front since the rebellion in his country began and more evidence of the fighting that split libya. these pictures show the situation a few days ago. government troops showing off flashes of what they claim is rebel held a&m mission. rebel forces say the situation in the city is very critical with fierce battles taking place. >> i don't think we can stand aside to let that happen. >> this british approach is something one prominent american politician has welcomed. >> a no-fly zone account be imposed fairly easily, not without challenges, but i would also point out that the air assets that gadhafi has is in a small space. a no-fly zone is wh
&t wants to buy t-mobile in a $39 billion deal that could reshape the u.s. wireless industry. susie, if approved, it would leave just three major carriers in this country: at&t, verizon and the much smaller sprint nextel. >> susie: it is a dramatic change, tom. the proposed merger has been approved by the boards of both at&t and t-mobile parent deutche telekom. the deal still faces scrutiny from the department of justice and the federal communications commission. >> tom: critics say the merger could lead to higher prices. and as darren gersh reports, it may also change the way wireless companies do business. >> reporter: to really understand what's driving the future of telecom, you need to appreciate the difference between smartphones and what analysts like dan hayes call dumb pipes. >> the fear among the network service providers is that they are being relegated to being dumb pipes, where all they are doing is providing connectivity for voice calls and connectivity to the internet and all the value is being taken by companies like google or applications providers who are really ma
around the globe warn about the risks and u.s. stocks get whipsawed. >> tom: as the situation unfolds, how is the nuclear industry responding to the escalating crisis? and what is in store for investors? you're watching "nightly business report" for wednesday, march 16. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening everyone. fears escalated today around the world about the nuclear crisis in japan. comments from energy officials in europe and the u.s. raised questions about danger from the damaged reactors, tom. >> tom: susie, these were stark comments from top global experts. europe's energy chief said japan's dai-ichi nuclear plant was "effectively out of control." the u.s. energy secretary said there was a "partial meltdown" there. additionally, americans within 50 miles of the area were urged to evacuate. >> susie: and tom, those warnings spooked u.s. stock investors, sendin
and relatively modest increase in u.s. consumer price inflation. >> susie: the latest on inflation and what it'll take to end the fed's government bond buying binge. you're watching "nightly business report" for tuesday, march 1. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. ben bernanke said today the federal reserve is ready to take action if high oil prices threaten the economy. susie, the fed chief's comments came on a day when oil prices gushed higher. >> susie: tom, as bernanke was testifying on capitol hill in washington, oil futures trading here in new york surged to just below the $100 level. april crude rose $2.66 a barrel, or more than 2.5%. and those rising oil prices triggered a stock sell-off on wall street-- the dow fell 168 points, the nasdaq lost 44, and the s&p 500 off almost 22. >> tom: against that market backdrop, bernanke explain
. >> there will be participation in the diplomatic effort. this is the last signal. the u.s., u.k. and france have set the conditions. after the summit, i think that we will launch the military intervention. >> reports from libya said forces loyal to colonel khadafy continue to attack rebel forces despite the cease-fire. we traveled to the east of the country. we have a report from benghazi. >> what began as a rebellion now sounds more like a war. this area has been attacked from the sea, land and air. it is a graphic illustration of why a no-fly zone is needed. over the last hour or so we have been listening to the sound of what appears to be a pretty brutal battle between the two sides. we can hear the sound of rockets and artillery landing. we believe that the front line has now edged slightly closer to benghazi. it is difficult to know what the tactics of colonel khadafy are, but they seem to be applying as much pressure as they can upon the rebels before the no-fly zone is put into action. >> it is impossible to know how many have died here. we were shown the bodies of two fighters killed here to
fighters are being easily out maneuvered. >> it is being reported in the u.s. that president obama signed a secret presidential order in the past three weeks authorizing covert support for opposition forces who have been trying to topple colnel gadhafi. news coming amid a debate of arming the forces opposed to colnel gadhafi. >> the details are fairly sketchy to be honest. we have had confirmation tonight that over the past two or three weeks president obama signed what is called a presidential finding, essentially a directive that paves the way for covert military operations to take place in libya by american forces aiding the rebel forces. there are reports in the "new york times" saying c.i.a. is already in libya, which i don't think some will find too surprising. but so far the white house and c.i.a., as you would expect, refused to comment. >> interesting to point out that we are being told that government sources confirming that barack obama signed this operation some two or three weeks ago, which is interesting because we heard from him last night talking about arming rebels in the
warren christopher. there is the subject of diplomacy. the u.s. is now engaged in three wars in three different muslim countries. the issue of diplomacy has never been more critical, it seems. we are glad you are joining us, including a look back at our interview with warren christopher, right now. >> all i know is his name is james, and he needs extra help with his reading. >> i am james. >> yes. >> to everyone making a difference -- >> thank you. >> you help us all live better. >> nationwide insurance supports tavis smiley. with every question and every answer, nationwide insurance is proud to join tavis in working to improve financial literacy and remove obstacles to economic empowerment, one conversation at a time. nationwide is on your side. >> and by contributions to your pbs station from viewers like you. thank you. kcet public television] tavis: a few programming notes. tomorrow night on the program, we will take a look at the relief and recovery operations in japan with architect hitoshi abe and a conversation with known play right eve ensler. later this week, a co-founder of
it would be a good moment to send the signal. the u.s., the u.k., and france has allowed the cease-fire. we have said the conditions. after the summit, and the coming hours, i think we will go to lodge a the military intervention. -- launch a military intervention. >> they continue to attack rebel forces despite the ceasefire. he is now back from where he has sent this report. >> what began as a rebellion sounds more like a war. across the scrub land, attacked from the land, sea, and air. a fighter jet has been spotted. it is a graphic illustration of why a no-fly zone is needed. we have been listening to the sound of what appears to be a pretty brutal battle between the two sides. we can't go any further down this road. you can hear the sound of rockets and artillery landing. we believe the frontline is slightly closer. it is difficult to know what the tactics of the colonel hart, but they seem to be applying as much pressure as the no-fly zone is put into action. the is impossible to tell how many have died here. in a conflict that is turning ordinary men and the warriors. -- into warrior
have received potassium iodide tablets to coweract any effect of the radiation the. the cheeve the u.s. nuclear regulatory agency left wiggle room when he made this truly dramatic station that -- that he didn't believe there was enough water left to cool the reactors. >> that's right energy secretary stephen chu said in his mind the situation at fukushima is worse than at three mile island when one nuclear reactor went into partial meltdown. fairly stark assessment from mer -- here. also the chair of the nuclear regular tate -- regulatory commission warned that u.s. military personnel and citizens in japan should actually withdraw to about 80 kilometers from the exclusion zone. the current zone is 20 kilometers. the u.s. is assessing that, their assessment is that it is more serious. >> and the french government recommending that their citizen are -- citizens -- citizens leave japan altogether in >> we haven't had a reaction to that. the u.s. military has so many people in the country, around 50,000 currently in japan. but the government says it's monitoring the situation very closely
today the u.s. housing market still is struggling. susie, that's even as many parts of the economy are recovering. >> susie: tom, what got everyone concerned is the latest new home sales numbers. they fell to a record low. sales tumbled almost 17% in february. even lower prices couldn't bring in the buyers. the average selling price for a new home fell to $202,000. at the current sales pace, it would take almost nine months to sell all the new homes on the market. >> tom: this discouraging news comes right at the start of the spring selling season. erika miller reports. >> reporter: instead of eating during her lunch hour, angie moncada likes to go house hunting online. she and her husband have been waiting for spring to get serious about their search. >> we want to move somewhere around the beginning of june. also it seems like things are just picking up generally, and we're hoping that people who have been holding out on putting their homes on the market will be doing so now. >> reporter: it also doesn't hurt that home prices nationwide are still falling. new homes prices are at
." >> president obama says the u.s. had a moral obligation to intervene in libya. they will now seek control of major operations to nato. >> i said america's role would be limited and we would not put ground troops into libya. we would focus our unique capabilities on the front end of the operation and transfer responsibility to our allies and partners. tonight, we are fulfilling that pledge. >> allied strikes on libya continue. the rebels he -- meet heavy resistance but pledged to continue their advance westward. >> i will hold gaddafi and kill him. >> fist fighting in the western city upper -- of misrata. we are broadcasting to our viewers in p.b.s. in america, and around the world. japan's prime minister declares a state of maximum alert over the crisis at the fukushima nuclear plant. president obama has made his first formal speech on the military campaign in libya. the address in washington came amid some criticism in the united states that the president has yet to explain what the goals of military action are and how long the military action will last. he responded by saying that a fai
. >> welcome. as fierce fighting continues in libya, president obama has said he has not ruled out supplying u.s. weapons to opposition figures in the country. he also says he believes colonel gaddafi was losing control of his country would ultimately step down. speaking in a series of interviews on american news networks, president obama called on the leadership around colonel gaddafi to make it clear that he had to go. >> the circle around gaddafi understands that the noose is tightening, that their days are probably numbered. and they're going to have to think through what their next steps are. but as i have been very clear about throughout, there's certain things they can do that will send the signal that he's ready to go. until that time, we're going to keep on applying pressure and hopefully he's going to be getting the message soon. >> if gaddafi ends up in a villa someplace in zimbabwe with no war crimes trial, is that ok with you? >> well, you know, that's not going to be my decision alone. i will tell you, though, that the first step is for gaddafi to send a signal that he understands
." >> targeting tripoli a third night of bombing by coalition forces in libya. the u.s. says gaddafi's grip on the country is weakening. celebrations as air strikes check the advance of libyan forces in the east. but for how long? >> the truth is that colonel gaddafi's forces have not gone away and the cease fire that he declared appears meaningless. >> and the debate over the aims of the operation intensifies, president obama says the libyan leader has to go. in other news, protests in yemen gather pace. the president refuses to step down despite a number of high-profile defections. >> welcome to "bbc world news." explosions and anti-aircraft fire have been heard near tripoli as allied forces enforce the no-fly zone over libya for a third night. dozens of targets have been hit, but the coalitions say the libyan leader is not being targeted and insist that the campaign is aimed at protecting civilians. alan is in tripoli, starting our coverage with the latest of the allied support. >> from the ground, you cannot tell what is being hit, but you hear the impact of the missile strikes and the
by wpbt >> susie: good evening, everyone. president obama put libya on notice today saying the u.s. and its allies are ready for military action. tom, the president's message was aimed at libyan leader moammar qaddafi. >> tom: susie, speaking at the white house, president obama said qaddafi must end the violence and pull back troops from towns under attack. >> let me be clear, these terms are not negotiable. if qaddafi does not comply, the resolution will be enforced through military action. >> susie: ahead of the president's warning, libya said it's ceasing all military action and will begin talking with opposition groups. that came after a vote at the united nations calling for a no- fly zone over the country. not surprisingly, oil markets were volatile today. crude prices closed down 35 cents to settle at $101 a barrel, off their high of $103. as suzanne pratt reports the oil market is coping with a long list of issues. >> reporter: in the past week much of the world has been fixated on japan, with one exception. the global oil market is paying much more attention to bubbling co
to step down. but in an exclusive interview, libyan's colonel gaddafi came out fighting. the u.s. ambassador to the u.n. said that he was delusional. >> it was colonel gaddafi's first interview since this crisis started. he agreed to see bbc news and the sunday times. he said that the u.n.sanction resolutions against libyan were illegitima illegitimate. and asked if he would leave the country. [laughter] as if anyone would leave their home land, he said. >> mr. gaddafi, you have been known as the leader, and for years. and plenty of people in this country would say that the biggest obstacle of change for them and libya is you. >> he said that his presence actually instigated change for the people. >> in recent years you have had important western leaders like tony blair coming here. and now there are western leers leaders saying you should go. >> of course it's betrayal, they have no morals, besides if they want me to step down, what do i step down from? i am not a monarch or king. >> but you can step down even if you don't have a formal title. >> it's honor, he said, nothing to
are very divided. the russians and chinese are not keen it. neither is the u.s. defense secretary. >> the u.n. security council resolution provides no authorization for the use of armed force. there is no unanimity among nato for the use of armed force. >> refugees are crossing the border from libya to tunisia. >> let's turn to the thousands of people fleeing the unrest in libya. the situation at the border has reached quite -- there is struggling to cope with the influx of people. our correspondent is at the point between the two countries. >> we want to leave, they shout. these people are stranded in no- man's land, out of libya, but not yet safely into tunisia. this border crossing point has been overwhelmed by a tide of humanity. more than 70,000 people so far and counting. the boston majority of both migrant workers from countries like egypt -- the majority of my co-workers from countries like egypt. -- migrant workers from countries like egypt. many are exhausted and sick. they had been traveling for days to get here. >> there has to be a massive effort, not just by one country, but a
ago, u.s. secretary of state hillary clinton said airplanes from the united arab emirates would be joining the no-fly zone. >> final preparations for these french pilots as they contemplate another mission over libya. france was at the forefront of the diplomatic flight to get a no flight -- a no-fly zone it installed, and now they're actively involved in maintaining it. while their mission is clear, who controls the international mission has been less so until now. >> nato allies have decided to enforce the no-fly zone over libya. we are taking action as part of the broad international efforts to protect civilians against the attacks by the khadafy regime. >> that will be music to the years of the u.s. government, which four days has been seeking to reduce the level of american involvement in policing the no- fly zone. news of the agreement brought this response from the secretary of state. >> nato is well-suited to coordinating this international effort and ensuring that all participating nations are working effectively together towards our shared goal. this coalition includes
changed for the u.s., do you think? >> what changed was the arab league to vote over the weekend. it was clear that there was going to be arab involvement in this move towards airstrikes which has been led by britain and france. america and president obama decided that the conditions were right to adopt a much more muscular approach at the security council this week. this probably would not have happened without america's vigorous support. crucially, of course, we have these five abstentions. 10 votes in favor and five against led by china and russia. interestingly of course, in that group is germany. germany, the biggest country in the european union, has very serious feelings about whether the air strikes are possible or whether they will lead to a potential escalation or a regional conflict. >> any of the ambassador's apart from the germans talk about military actions about strategic air strikes? >> no, what we had is a lot of rhetoric and a lot of show of unity. there is a tension. clearly no one is sure how this military action is going to proceed from here on in. president
in u.s. history with former assistant secretary of defense and vietnam veteran bing west. in his book, he offers a speeding critique and says the u.s. military should not be in the business of nation-building. his new book is called "the wrong war." our conversation with bing west coming up right now. >> all i know is his name is james, and he needs extra help with his reading. >> i'm james. >> yes. >> to everyone making a difference, you help us all live better. >> nationwide insurance supports tavis smiley. with every question and answer, nationwide insurance is happy to help tavis improve financial literacy and remove obstacles to economic empowerment one conversation at a time. nationwide is on your side. >> and by contributions to your pbs station from viewers like you. thank you. [captioning made possible by kcet public television] tavis: as i mentioned at the top, the war in afghanistan is in its 10th year, making it the longest in u.s. history. among those who question u.s. currency and policy for years now is bing west. his new book on the subject is called "the wrong war." i
of the operation. france, britain, in the u.s. have taken the lead so far, but nato has yet to agree whether the alliance should have a leading role in the mission. the meetings for talks have been scheduled for all of the key international players in london next week. ministers will be hoping to have resolved the issue of control by then. bbc news. >> earlier, i spoke to the former u.s. ambassador to the united nations under president bill clinton, and the arab league, the african union, and others that are not fully committed to air strikes, and president obama said the international community is fully behind the action in libya. >> first, you have to remember that the international community did pass this through the union, so there is that international credibility. as this goes on longer than people expect, this is the first time they have done this. it happened very quickly. it is a healthy debate going on. it is not clear it will remain an unanimous block to do it, but i think with the american leadership, you will see it largely remaining intact. >> i would like to ask you another qu
of migrant workers have fled libya. the u.s., britain and tunisia are providing planes. egypt is providing ships. the u.k. in the last hour, the opposition labour party has won the election in the north of england, taking 61% of the vote. parts of the governing coalition, the liberal democrats, the war's second in the general election last year, where six -- who were second in the general election last year, 6th.were >> the labor party has replaced a man convicted of using parliamentary expenses. a paratrooper, an officer in the british army, last year's serving in afghanistan is the new m p year in south and york sure -- here in south yorkshire earning. anything less would of been embarrassing. it has been a very bad night for the liberal democrats. they have slipped from second place in the general election last year to 6th, barely mastering 1000 votes for their candidate. it has been embarrassing for him personally and humiliating for the liberal democrats the will see this as the first sign of what they can expect in some parts of the u.k. as the cup that the government, the coalition
, and whether you should consider one. >> suzanne: the u.s. supreme court heard arguments today in a mammoth gender discrimination case against walmart. the justices seemed sympathetic to the giant retailer in considering whether a small group of women can represent a huge nationwide class. walmart is accused of discriminating against female employees by denying promotions and paying them less than men. today, the court questioned whether the alleged treatment was part of a corporate policy. >> tom: the third largest u.s. stock exchange, called bats global markets, wants to compete with its bigger rivals. bats plans to launch a new listings service for u.s. stocks by the end of this year. the move opens the door for u.s. companies to take their shares public somewhere other than the new york stock exchange or nasdaq. bats is based in kansas city and already competes with those better-known exchanges in its trading business. >> suzanne: when it comes to banks and the lessons learned from the financial crisis, tonight's commentator says what's old is new again. he's allan sloan, senior editor
into the u.s. here's the deal-- if the trucks come in, mexico will drop $2 billion in tariffs on u.s. goods. our congress still has to sign off on it. if you carry on luggage when flying, you're costing uncle sam big bucks. t.s.a. screening of carry-on bags costs the federal government $260 million a year. the agency wants a hike in ticket security fees to cover those costs. still ahea- generation "y" is falling behind when it comes to investing. a look at the trend for those between 18 and 30 years old, and what it could mean for their future. >> susie: the contract dispute between nfl owners and the union representing the players. late today both sides agreed to extend contract talks through tomorrow. the original deadline was midnight tonight. now the n the nfl's lead attorney and nfl players met late this afternoon in washington, d.c., for more negotiations. the labor showdown could determine whether or not the american public will be able to watch their favorite sport. joining us now to talk about what's at stake, william gould, professor of law at stanford university and the former ch
on illegal trading on wall street. here's how u.s. attorney preet bharara put it when charges were announced at the end of 2009. >> it would be a mistake to think that this investigation is focused only, or even principally on, hedge funds. we have gone far beyond that. in fact, this investigation goes to the very heart of fair play in the business world. >> susie: joining us now with more analysis, steven feldman. he's a former u.s. attorney who worked in new york's securities fraud task force, and is now a white collar defense attorney at herrick, feinstein. >> hi, steven, nice to have you here with us. >> thank you, susan. >> susie: how strong is the government's case against raj rajaratnam? >> susie, that's what we're going to find out. the government, up until now, does all of the talking. they have the indictment. in that indictment, they put forward their best foot, and all their evidence. that evidence seems to be strong. it includes hours and hours of wiretap evidence, that includes the testimony of confidential performants. the defense has not had a chance to do anything yet. that'
. new vehicle sales rose 29% compared to a year ago. u.s. brands made up 40% of sales. g.m. models were especially popular. joining us now: autonation's president, michael maroone. hi, mike, nice to have you on the program. >> hi, thanks for having me tonight. >> susie: so you've had two months of back to back strong sales, but as you heard on our report a lot of concerns about higher oil prices, higher gasoline prices getting close to $4 a gallon. could that break the momentum? >> susie, at this point it's not a factor in the purchase decision. we're seeing consumers have really normal spending pat earns, certainly fuel efficiency is a consideration, but it's not the driving factor. now as fuel prices move up or when fuel prices move up, it could be a factor. we call it the freak out point, and that's somewhere north of $4 a gallon. >> susie: so that's when consumers just say that's going to be just too much for me to fill a tank and they back off from coming into the showroom? >> no, i think it's actually where they move to different products. and we saw it back in 2008 where there wa
tavis: good evening from los angeles, i'm tavis smiley. with the u.s. military now engaged in three separate conflicts in three muslim countries, there is a growing concern tonight about u.s. policy in the region and the priorities of the obama administration and so first up tonight, a conversation about the latest intervention in libya with richard haass, president of the council on foreign relations. also tonight, acclaimed artist and filmmaker julian schnabel is here, the director of "the diving bell and the butterfly" is out with a new film called "miral." it is said against with the israeli conflict in the middle east. glad you joined us, richard haass and filmmaker julian schnabel coming up right now. >> all i know is his name is james and he needs extra help with his reading. >> i'm james. >> e making a difference, you make us all live better. >> nationwide insurance supports tavis smiley. with every question and every answer, nationwide insurance is proud to join tavis in litter si and nationwide is on your side. >> and by contributions to your pbs station from viewers like
% for the first time in almost two years. >> tom: can the hiring continue? the outlook for the u.s. job market from two top economists. you're watching "nightly business report" for friday, march 4. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> susie: good evening, everyone. finally we got some good news today about the job market: strong business hiring in february. but tom, that was overshadowed by a big jump in oil prices. >> tom: susie, oil prices surged again today as anti-government protests continued in libya, bahrain and yemen. april crude futures now stand at $104 a barrel up $2.50 to more than a two-year high. but on the bright side, american businesses added 192,000 jobs in february-- the fastest pace of hiring since last may. the unemployment rate dropped to 8.9%-- the third straight monthly decline. >> susie: from wall street to main street, everyone's trying to figure out if the wo
the senate offices to the u.s. congress, there are those who worry with the world might witness if america does not give a lead. >> to allow him to slaughter from the air against the popular movement of his people without recourse is a serious question for all of us. >> if we stand by and let it happen, that will be a black mark on our record for a long time. >> but obama is given pause by the military reality. says thatary stopping all military flights would be a conflict. the government stronghold of tripoli will have to be taken out, risking civilian casualties. enforcing a no-fly zone would need hundreds of fighter jets supported by other larger aircraft with radar and refueling, worships for radar coverage, and helicopters for search and rescue. in iraq, when such a cap -- one operation would cost $100 million per year. >> to impose an offical no-fly zone would take the matter of days. but if the political aim is to support the rebellion, what if the rebellion last two years? are we willing to make the commitment for that amount of time? >> military actions needs to have clarity. >> m
beyond that. there would be a separate coalition operation. the u.s. secretary of state said that plans for the united arab emirates will be joining be enforcement of the no-fly zone. >> final preparations for the french pilots as they contemplate another mentioned -- and another mission over libya. france was at the front of getting a no-fly zone installed. while the pilot's mission is clear, who controls the interrupted -- international operation has been less so. >> nato allies have decided to enforce the no-fly zone over libya. we are taking action as part of the broad international effort to protect civilians against the attacks by the gaddafi regime. >> that will be music to the ears of the u.s. government, which is seeking to reduce the level of american involvement in policing the no-fly zone. news of the agreement brought this response from the secretary of state. >> nato is well-suited to court natick this international effort and making sure that all participating nations are working effectively together towards our shared goals. this includes countries beyond nato including
america." >> president obama says the u.s. has a moral obligation to intervene in libya. he will now have control. >> america's role will be limited. we will not put ground troops into libya, but we will focus our unique capabilities on the front and at transfer responsibility to our allies and partners. tonight, we are fulfilling that pledge. >> the rebels meet heavy resistance but about a continue the walk westward. there is fighting in the western city hall as pro gaddafi forces and get back partial control. thank you for joining us, coming up, a state of maximum alert over the crisis at the fukushima nuclear plant. ♪ using western military force to evict colonel gaddafi from power would be a mistake according to president obama, a military mission protecting civilians to include regime change would be counterproductive. he just came under some criticism that he hasn't properly explains the goals of the military action or how long it would last. >> there is no question that libya and the world would be better off with gaddafi out of power. we will actively pursue that goal through no
think the u.s. has become involved in an operation overseas without perhaps having an agreed identifiable end game or perhaps a clear strategy for delivery of perhaps protecting the libyan people that is so talks about? >> i'm afraid that is the fact. gaddafi's rhetoric was savage, going to purse them home to home, room to room annex terminate -- and exterminate the traitors. he is known as a man who can be merciless. is he truly genocidal? that is another question. but we are engaged now in a campaign which will only really end with him going from power, however that comes about. >> do you think that means that perhaps the likelihood of u.s. troops on the ground may occur? >> well, that is absolutely ruled out at this point in time by the administration, and it is really not in the mandate from the scurnl -- security council. i think libyan history guarantees a generally negative reaction of foreign forces in their land. >> but do you think that may be the long-term effect of what we are seeing happen at the moment? >> i hope not. i am reduced to talking in hopes at this poi
whether the u.s. military should arm the rebel forces. there's a lot of concern among some members of congress about who the rebels really are and whether decision to arm them could come back to bite in that respect for the u.s. there is a concern about whether garmin the rebels will be the right decision. -- arming the rebels will be the right decision. >> moussa koussa has arrived in libya having defected from the libyan regime. has there been any comment on this from the white house? quite strangely, the white house has been quiet on this issue. -- >> strangely, the white house has been quiet on this issue. that is surprising, really. we have not had any comment on this whatsoever. there is the issue as to whether the u.s. will arm rebel forces. the white house spokesperson has said that we are not ruling it out or in. the obama administration is fairly tight lid on this choice. this directive that was signed by president obama does not necessarily mean that the army has already taken place -- arming has already taken place. >> the u.n. security council has unanimously ordered s
imposing a no-fly zone without u.s. backing. i would note that the un security council resolution provides no authorization, there is no unanimity. >> thousands of refugees across from the border into tunisia. that is not another war. >> thousands of people continue to flee libya. the situation has reached crisis point according to the united nations. they are struggling to cope with the influx of people. countries where you sent this report -- they sent this report. >> we want to leveave, they chant. out of libya, but not yet safe in tunisia. this crossing opint -- point has been overwhelmed by a tide of humanity. more than 70,000 people so far and counting. the vast majority of them are migrant workers for countries like egypt. many are exhausted and the sec. they have been traveling for days to get here. fleeing from the terror and the turmoil that is libya. >> there has to be massive effort by not just one country, but easing the situation a little bit. governments have to take action right now. >> many end up sleeping rough on the roadsides. for the fortunate few, there is a transit c
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